Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the
"Company”), one of the world's largest lessors of intermodal containers,
today announced that Textainer Limited ("TL"), a wholly-owned subsidiary
of the Company, completed an amendment to expand its revolving credit
facility from $700 million to $1.5 billion, lower pricing, and extend
the term for five years.

The facility was originally established in September 2012 and as amended
expires in September 2023. Pricing consists of a margin over the London
Interbank Offered Rate (LIBOR). The applicable margin, which varies
based on leverage, was reduced from 2.00% to 1.50%. Borrowings under the
facility are used to acquire intermodal containers and for general
corporate purposes.

"We are very pleased with the successful completion of this amendment,
the continued strong support from our current banking partners and the
addition of several new participants. The attractive pricing secured for
the next five years will help reduce our overall funding costs and
improve our ability to more competitively service our customer
requirements,” commented Michael K. Chan, Textainer Executive Vice
President and Chief Financial Officer.

In connection with the amendment, TL used proceeds from the facility to
pay in full and terminate its separate $190 million revolver credit
facility, which would expire in July 2020, and its $332 million
outstanding term loan, which would mature in April 2019.

"Expanding the facility enabled us to simplify our capital structure,
refinancing under improved terms debt due to mature within the next two
years, while also increasing our borrowing capacity for additional
well-priced container fleet growth and flexibility,” concluded Mr. Chan.

Textainer has operated since 1979 and is one of the world’s largest
lessors of intermodal containers with more than 3 million TEU in our
owned and managed fleet. We lease containers to approximately 300
customers, including all of the world’s leading international shipping
lines, and other lessees. Our fleet consists of standard dry freight,
dry freight specials, and refrigerated intermodal containers. We also
lease tank containers through our relationship with Trifleet Leasing and
are the primary supplier of containers to the U.S. Military. Textainer
is one of the largest and most reliable suppliers of new and used
containers. In addition to selling older containers from our lease
fleet, we buy older containers from our shipping line customers for
trading and resale. We sold an average of almost 130,000 containers per
year for the last five years to more than 1,400 customers making us the
largest seller of used containers. Textainer operates via a network of
14 offices and approximately 500 depots worldwide.

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